FINANCIAL INCENTIVES AND FERTILITY

• 成果类型: Article
• 署名作者: Cohen, Alma; Dehejia, Rajeev; Romanov, Dmitri
• 署名单位: Tel Aviv University; Harvard University; National Bureau of Economic Research; New York University; Leibniz Association; Ifo Institut; IZA Institute Labor Economics
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• 发表日期: 2013-03
• 页码: 1-20
• 关键词: welfare benefits; FAMILY; births; income; wages; IMPACT; work

摘要

Using panel data on over 300,000 Israeli women from 1999 to 2005, we exploit variation in Israel's child subsidy to identify the impact of changes in the price of a marginal child on fertility. We find a positive, statistically significant, and economically meaningful price effect on overall fertility and, consistent with Becker (1960) and Becker and Tomes (1976), a small effect of income on fertility, which is negative at low and positive at high income levels. We also find a price effect on fertility among older women, suggesting that part of the overall effect is due to a reduction in total fertility.